Boparan to lose out as butchers enter administration
2 Sisters owner Ranjit Boparan invested £5.1m in butchers Crawshaw Group in April 2017 but today the food retailer has announced plans to appoint administrators.
Boparan Private Office was the largest shareholder, with a 29.7% stake, after last year's “transformational” supply chain partnership.
However the Yorkshire-based butcher has failed to secure funds to support a turnaround plan. It had been considering a number of remedial actions, including raising additional funding through an equity capital raising in order t... For the full story register now for free or login below...